SafeWaters Forms Agreement with Aspen Insurance to Expand Ocean Marine Coverage

SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited.

Effective immediately, SafeWaters will provide cargo coverage (including logistics and project cargo) in the U.S. and Latin America, and hull & machinery and marine liabilities in Latin America.

According to SafeWaters Cargo Insurance Senior Vice President Jose Harfuch the new underwriting agreement with Aspen Insurance will combine Aspen’s financial ratings and marine industry knowledge with SafeWaters marine underwriting expertise and specialized claims management experience.

SafeWaters, headquartered in Fort Lauderdale, Fla., specializes in yacht insurance solutions, providing yacht owners with tailor-made global products and local service. SafeWaters provides, through Smooth Waters, dedicated marine claims and consultancy services. SafeWaters collaborates directly with specialist agents and brokers in the marine market.

SafeWaters Underwriting Managers is a series of RSG Underwriting Managers, LLC (RSGUM). RSGUM is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in underwriting management and other services for insurance products distributed through brokers and agents.

Topics Underwriting